SEC charges investment adviser with defrauding injured NFL players

Pedro Gonçalves
clock
SEC charges investment adviser with defrauding injured NFL players

A financial advisory firm has been charged by the Securities and Exchange Commission with defrauding former professional American football players. Philip Timothy Howard and Don Warner Reinhard, former principals of Cambridge Capital Group Advisors, allegedly solicited $4.1m from about 20 players to invest in private hedge funds managed by Cambridge, which is based in Tallahassee. About half the players rolled their NFL 401(k) accounts over to the funds. More than 20% of the players' fu...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login